British Pound Remains at Resistance Line

[B]Commentary:[/B] "There is no sign yet of a reversal but the long term structure indicates reversal potential. Price has touched the resistance line from the ending diagonal. A terminal thrust through the line is possible but strength should prove temporary.

We expect a reversal, and soon." This morning?s high at 1.0365 may have completed the 5th wave of the advance 1.9621 and ultimately a much larger advance. Minimum expectations are for a return to the previous 4th wave at 2.0056. [B]Strategy:[/B] Flat